UK Datanote: UK final services and composite PMI, March 2024

• In one line: Growth beating the MPC's forecast and services inflation easing.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Car Registrations, March 2024

• In one line: Weak private car sales suggest consumer caution.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, March 2024

• In one line: Almost back to growth.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Money & Credit, February 2024

• In one line:Consumer caution fading in response to lower interest rates.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Nationwide House Prices, March 2024

• In one line: Small correction in March is just a blip.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Retail Sales, February 2024

In one line: Retail sales are on track to drag the economy out of recession in Q1.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. GfK Consumers' Confidence Survey, March 2024

• In one line: Strengthening finances will drive consumer spending this year.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. MPC Decision and Minutes, March 2024

• In one line: MPC gears up for a summer rate cut with tweaks to guidance.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Flash PMIs, March 2024

• In one line: Fractionally weaker PMI still signals solid recovery and growth beating MPC forecasts.

Samuel TombsUK

UK Datanote: U.K. Consumer Prices, February 2024

• In one line: Slowing inflation will raise MPC confidence in a summer rate cut.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. RICS Residential Market Survey, February 2024

• In one line: House price gains heading to 5% year-over-year soon.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. S&P Global/CIPS Construction Survey, February 2024

• In one line: Expected interest rate cuts breathe life into house building.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. S&P Global/CIPS Services Survey, February 2024

• In one line: Growth beating the MPC's forecast, supporting services inflation.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Car Registrations, February 2024

• In one line: Stagnant, but real wage growth and interest rate cuts will help. 

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. BRC Retail Sales Monitor, February 2024

• In one line: Rain stopped play, sales will recover.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Money & Credit, January 2024

• In one line: Consumer credit rebound backs up retail sales recovery in January.

Samuel TombsUK

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, February 2024

• In one line: Large bounce in the output index looks suspicious.

Samuel TombsUK

UK Datanote: U.K. Nationwide House Prices, February 2024

• In one line: Mortgage rate falls do the trick.  

Samuel TombsUK

UK Datanote: U.K. GfK Consumers' Confidence Survey, February 2024

• In one line: Forget the small drop; improving real wage growth will keep confidence rising.

Samuel TombsUK

UK Datanote: U.K. Flash PMIs, February 2024

• In one line: Still consistent with GDP growth exceeding the MPC’s forecast, and a very gradual slowing in services CPI inflation.

Samuel TombsUK